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2009 June 3   09:28

Port Vanino to pay RUR 110 per ordinary share and RUR 228 per preferred share as dividends for 2008

On June 3, shareholders of Vanino Commercial Seaport (Port Vanino OJSC, Khabarovsk Territory) decided to distribute RUR 18.808 mln of the company’s profit for 2008 (RUR 76.787 mln). According to the decision, the amount of dividends to be paid will make RUR 228 per preferred share and RUR 110 per ordinary share.

RUR 18 mln of the profit will be spent for consumption, RUR 34.697 mln – for investments and RUR 5.282 mln – for working capital replenish. 

The meeting of the shareholders also elected the Board of Directors (9 members) and approved HLB Vneshaudit as the company’s Auditor.

The dividends for ordinary shares are down by 38%, for preferred shares – by 35.6% (against RUR 177 and RUR 354 respectively for 2007).

Vanino Commercial Seaport OJSC is the largest stevedoring company of Khabarovsk region. It provides handling and forwarding services. Cargo is delivered via Vanino to the north-eastern regions of Russia, Japan, South Korea, China, Australia, USA and other countries of APR. In 2008 thecompany handled 6.621 million tonnes of cargo. As of June 3, 2009, the state owns 73.33% of the com's ordinary shares.

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